Matador Resources Company (NYSE:MTDR) finished Friday with an addition of $0.88 to close at $60.83, an upside of 1.47 percent. An average of 1,258,280 shares of common stock have been traded in the last five days. There was a fall of -$0.16 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,306,045 shares traded, while the 50-day average volume stands at 1,627,916.
MTDR stock has increased by 14.26% in the last month. The company shares reached their 1-month lowest point of $52.31 on 07/26/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $42.04 and a high of $73.78 in 52 weeks. It has reached a new high 12 times so far this year and achieved 6.27% or $3.59 in price. In spite of this, the price is down -17.55% from the 52-week high.
Valuation Metrics
Matador Resources Company (MTDR) has a trailing price-to-earnings (P/E) ratio of 7.95. The stock’s beta is 3.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.61, the price-to-book (PB) ratio at 2.13, and the price-to-cash flow ratio at 9.17.
The company has a payout ratio of 6.40%. The company’s most recent quarterly dividend payment was $0.15 a share, without any change from last year. Its latest increase dividend $0.05 reported on Wednesday February 15 2023.
Financial Health
The quick ratio of Matador Resources Company for the three months ended June 29 was 0.90, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.65 and a total debt to equity ratio of 0.65 for the quarter ending June 29. Matador Resources Company’s EBITDA margin for the year ending June 29 is 74.04%, while its operating margin for the same period stands at 49.50%. Its gross profit as reported stood at $1.76 billion compared to revenue of $3.06 billion.
Earnings Surprise
For the three-month period that ended June 29, Matador Resources Company had $560.0 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $164.67 million in the quarter, while revenues of $163.13 million were shrunk -152.46%. The analyst consensus anticipated Matador Resources Company’s latest quarter earnings to come in at $1.31 per share, but it turned out to be $1.42, a 8.40% surprise. For the quarter, EBITDA amounted to $431.84 million. Shareholders own equity worth $119.15 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Matador Resources Company (MTDR) price momentum. RSI 9-day as of the close on 25 August was 62.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.98%.
As of today, MTDR’s price is $60.80 -0.26% or -$0.16 from its 5-day moving average. MTDR is currently trading +13.13% higher than its 20-day SMA and +18.65% higher than its 100-day SMA. However, the stock’s current price level is +22.20% above the SMA50 and -17.09% below the SMA200.
The stochastic %K and %D were 66.95% and 71.86%, respectively, and the average true range (ATR) was 1.74. With the 14-day stochastic at 72.38% and the average true range at 1.81, the RSI (14) stands at 62.77%. The stock has reached 0.30 on the 9-day MACD Oscillator while the 14-day reading was at 0.82.
Analyst Ratings
Mizuho upgraded Matador Resources Company (NYSE: MTDR) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Matador Resources Company (MTDR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MTDR, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 others rate it as a “buy”.
What is MTDR’s price target for the next 12 months?
Analysts predict a range of price targets between $62.00 and $87.00, with a median target of $71.00. Taking a look at these predictions, the average price target given by analysts for Matador Resources Company (MTDR) stock is $72.36.
